‘Never bet against America,’ Warren Buffett advises investors

Washington: Ninety-year-old billionaire Warren Buffett reaffirmed his fervent belief in the American Dream in a letter to investors published Saturday – advising them never to bet against the country despite its many problems. “In its brief 232 years of existence, there has been no incubator for unleashing human potential like America,” he said in the […]

Mukesh Ambani is again richest Asian as China’s Zhong Loses $22 billion

India’s Mukesh Ambani is back to being the wealthiest person in Asia. Despite a brutal week for markets, his Reliance Industries Ltd. was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit. With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose […]

Beyond Meat signs long-term agreements with McDonald’s, KFC parent

Washington: US plant-based meat substitute start-up Beyond Meat announced Thursday it has signed partnerships with fast-food giants McDonald’s and Yum! Brands, the parent company for KFC, Pizza Hut and Taco Bell. The “strategic” agreements will cover a three-year period for McDonald’s and “the next several years” for Yum! Brands, according to two separate statements from […]